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boehner to strike a deal to avert the fiscal cliff. they met face to face yesterday and susan mcginnis tells us the chances may be better with two people doing the negotiating. >> reporter: president obama leaves dc today headed to michigan to talk to auto workers, part of his strategic to gain support. the president and house speaker john boehner met one on one. no details were leaked, we know the main points remain, raising taxes on high earners and cutting programs like medicare. >> they've started to tango. more republicans are accepting the idea that wealthy americans will get a tax rate hike. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. >> reporter: republicans in the house remain opposed to raising taxes on the top 2%. >> the president wants the rate to go up. that doesn't solve the problem. we don't want to be b back here answering the same questions. >> reporter: the deadline is closer than you think. many here on c
boehner to strike a deal to avert the fiscal cliff. they met face to face yesterday and susan mcginnis tells us the chances may be better with two people doing the negotiating. >> reporter: president obama leaves dc today headed to michigan to talk to auto workers, part of his strategic to gain support. the president and house speaker john boehner met one on one. no details were leaked, we know the main points remain, raising taxes on high earners and cutting programs like medicare....
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cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that could at least soften the blow from tax increases and spending cuts that will all kick in next month if they don't reach a budget deal. >>> a san francisco-based bank loses its top spot as far as keeping its customers happy. wells fargo has slipped to second place behind jpmorgan chase when it comes to customer satisfaction among big banks. it's the first time in a decade that wells fargo has not ranked number one in the american customer satisfaction index. bank of america's rating is also down to a ten-year low. >>>
cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that...
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. >>> there have been no public comments in the past couple of days about the "fiscal cliff" negotiations which may be a good sign. house speaker john boehner the president are the only parties negotiating right now and no details have leaked out. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlement benefits is necessary to curb the country's deficit. >> social security, medicare and medicaid, it is not even on the table. that is our message. >> whoo! >> in 15 cities across california workers and community leaders have been rallying including here in san francisco. they are urging congress to save social safety net programs and increase taxes on the wealthy. >>> south carolina's governor may have closed the door on comedian steve colbert's senate dreams. colbert has been urging fans to pressure governor nickie hailey into picking him for the senate seat to replace jim demint who is retiring. a poll shows colbert is the favorite in the state but the governor has not committed on hi
. >>> there have been no public comments in the past couple of days about the "fiscal cliff" negotiations which may be a good sign. house speaker john boehner the president are the only parties negotiating right now and no details have leaked out. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlement benefits is necessary to curb the country's deficit. >> social...
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. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>> there is no plan to change a controversial practice of changing votes after a practice passes or fails. about half of those sworn in last week are new to the job. during the past session, aseem belie members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill but it disallow lawmakers to
. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the...
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. >> his did administration prepared to go after the fiscal cliff? >> absolutely. >> a source tells of president obama and john boehner spoke by phone. >> we cannot negotiate by ourselves. >> the hold up right now is that speaker boehner took a position, i think the day after the campaign, but said we're willing to bring in revenue but not increase rates. >> gridlock, 26 days and counting. >> no word on what the president and speaker boehner discussed, but given the fact that there has not been progress, just the fact they were on the phone represents a small development. >> still to come, he has been through hundreds of deals and no deals, has decided if america has talent, and now he is taking it all. howie mandel joins us about his new holiday game show. >> sunshine. clouds to the northwest. that is what we will watch. watch. is the fastest internet in america. just ask pc mag. [ male announcer #2 ] cable can't touch fios upload speeds. it's hard to imagine anyone ever beating fios. there's no doubt fios is the fastest in the country. [ male annou
. >> his did administration prepared to go after the fiscal cliff? >> absolutely. >> a source tells of president obama and john boehner spoke by phone. >> we cannot negotiate by ourselves. >> the hold up right now is that speaker boehner took a position, i think the day after the campaign, but said we're willing to bring in revenue but not increase rates. >> gridlock, 26 days and counting. >> no word on what the president and speaker boehner discussed,...
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proposals how to avoid the looming fiscal cliff. both sides are feeling the pressure from the nation's top corporate executives. 150 ceos including the heads of boing, honeywell and general electric. they're urging a compromise that includes increased revenue even if it means raising tax rates. more de tails now according to the non-partisan tax foundation the average family of four in the bay area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad lower in san jose. if democrats and republicans don't reach an agreement by the end of this year. >>> on wall street stocks rose for a fifth consecutive day. the dow industrial gained 78 points, nasdaq gained 35 led by apple's 2% gain. >>> some immigrant students could soon have their dreams of a college education become reality thanks to a big gift to uc berkeley. today uc berkeley announced a $1 million gift to provide scholarships for low-income, undocumented students. the students qualify for state financial aid but not federal grants or loans
proposals how to avoid the looming fiscal cliff. both sides are feeling the pressure from the nation's top corporate executives. 150 ceos including the heads of boing, honeywell and general electric. they're urging a compromise that includes increased revenue even if it means raising tax rates. more de tails now according to the non-partisan tax foundation the average family of four in the bay area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad...
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, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o.p. has stood imeps raising taxes. >> what we ought to be working on is the other 93%, because if you want to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part of a deal to actually solve our problems? yes. ago am -- >> ama: the federal government is planning for the possibility of cuts. the white house ordered the military to plan on slashing 500 billion from the military, and funding for sch
, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week...
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cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax rates at upper income levels. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor says more needs to be done about spending right now. >>> meanwhile, public policy polling conducted an unusual survey to test american knowledge about debt reduction policy. people were asked what they thought of the panetta burns planning, something that doesn't even exist. one-fourth of the people took a stance on it anyway. 8% are in support by golly. 17% opposed. >> that's right. it's important to do research. >> absolutely. >> do your homework. >>> apple stock is coming off one of its worst sections on
cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax rates at upper income levels. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering but, rather, because we need to raise a certain amount of money. >> house majority leader...
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up with a deal to avoid the fiscal cliff. he said he and president obama talked and said it is clear that serious differences remain. republicans want tax cuts and reduced spending on programs. >>> they hopefully will remember this wedding anniversary date. 12/12/12. >> witness the marriage today. >> at courthouses al around the to get married. one couple came to the courthouse found all the bookings in city hall were taken. it is the same month, day and year are considered lucky. >>> today on channel news at five. this is a live look from chopper two. lots of officers. oakland police. told us this is a marijuana grow house. they found 700 plants in and cash. and reporter is just getting to the scene. what we learned about the bust and tied to the grow operation at five. thank you for trusting the news at ktvu. >-.y÷$@y+o3vhpe
up with a deal to avoid the fiscal cliff. he said he and president obama talked and said it is clear that serious differences remain. republicans want tax cuts and reduced spending on programs. >>> they hopefully will remember this wedding anniversary date. 12/12/12. >> witness the marriage today. >> at courthouses al around the to get married. one couple came to the courthouse found all the bookings in city hall were taken. it is the same month, day and year are considered...
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. >>> we are now 23 days ahead of the fiscal cliff deadline. house speaker john boehner said no progress was made yesterday. the main sticking point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. donations of down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations are down for the year >> we are a little behind where we would like to be or budgeted to be. >> the director said the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deductions for charitable giving would be cut next year, saving the government money. private wealth advisor said it can make sense to get nor bang for your donation buck. that would help charities this year but people
. >>> we are now 23 days ahead of the fiscal cliff deadline. house speaker john boehner said no progress was made yesterday. the main sticking point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. donations of down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations are down for the year...
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cliff" crisis versus just 25% who approve of the republicans speaker of the house john boehner. >> thank you. >>> we have some breaking news now out of southern california. cal state fullerton is on lockdown. we have a live picture of the campus for you there. here's what's going on. police are searching for two armed men. now they believe it started when five suspects robbed a jewelry store in riverside county. after a chase that ended near the fullerton campus, apparently they have been able to arrest two of those suspects. police checking the campus for two others and we have some earlier video of the fifth suspect respect who police say carjacked this silver car and took off. the chase went on for miles. it finally anded in watts where police chased the suspect down and arrested him at that baseball diamond. >>> the white house has one word for korea's rocket launch. irresponsible. now the united nations security council is work on their response. cbs news reporter monica villamizar has more. >> reporter: north korea says it fired this long-range rocket into orbit to launch a weather
cliff" crisis versus just 25% who approve of the republicans speaker of the house john boehner. >> thank you. >>> we have some breaking news now out of southern california. cal state fullerton is on lockdown. we have a live picture of the campus for you there. here's what's going on. police are searching for two armed men. now they believe it started when five suspects robbed a jewelry store in riverside county. after a chase that ended near the fullerton campus, apparently...
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this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been using them when the state sold them. first they had all the cars repaired and maintained at state expense. $78,000 worth of work. >> as a taxpayer, you know, it's my money going to it so it's frustrating. >> doesn't sound fair. we work really hard for our money. >> we do. but a source in the legislature says the work was worth it. the state got more money when it sold the cars that were not bought by the lawmakers but had the repairs done. they got more money for those cars. so i guess it evens out. >>> same-sex marriage is now legal in the state of washington. dozens of gay and lesbians got in line to pick up marria
this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been...
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president obama hits the road today to talk about the fiscal cliff in detroit. this comes after the president met privately with house speaker john boner to discuss the deal. the president and the speaker refuse to speak about details of yesterday's meeting. the lone wolf is conquest closed as the fiscal cliff is now just three weeks away. >> it was a nice weekend around the bay area and the conditions will continue as high pressure is still over the bay area. upper 30's and the north bay but clear conditions. we do not have any issues with visibility. temperatures out the door of 39 in santa rosa fairfield and pleasanton mid '40's. 60 in oakland in future cast four says the timing of exactly when it will start to warm-up. 3:00 p.m. all the green indicates 60s and mid to upper 60s. yellow indicates we could actually squeeze out the low 70's just north of santa rosa. future cast four predicts 8:00 p.m. tonight all the blue on your screen will have everyone in the '50s. a quick look at your afternoon highs mainly sunny skies 65 for san francisco's 63 for napa and
president obama hits the road today to talk about the fiscal cliff in detroit. this comes after the president met privately with house speaker john boner to discuss the deal. the president and the speaker refuse to speak about details of yesterday's meeting. the lone wolf is conquest closed as the fiscal cliff is now just three weeks away. >> it was a nice weekend around the bay area and the conditions will continue as high pressure is still over the bay area. upper 30's and the north bay...
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. >>> the fiscal cliff deadline is 23 days away. john boehner says no progress was made yesterday. the uncertainty of what will happen is starting to have an impact on charities. >> the food pantry is in good shape but over all donations are down. >> the interim executive director says the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we're seeing people who have never given us a donation before stepping up and making that kind of gift to us. >> reporter: they could be concerned that the tax deduction for charitable giving would be cut next year saving the government money. george says it can make sense to get more bang for your buck. that would help charities this year but people may be less generous in years to come. >> people who would like to donate some this year and potentially some next year may try to double up and donate more this year. >> reporter: but the uncertain future is causing fear. >> many people are afraid to make any move so there is patrol system because you don't know what is coming -- paralysis
. >>> the fiscal cliff deadline is 23 days away. john boehner says no progress was made yesterday. the uncertainty of what will happen is starting to have an impact on charities. >> the food pantry is in good shape but over all donations are down. >> the interim executive director says the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we're seeing people who have never given us a donation before...
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at the white house sunday as they try to avoid the fiscal cliff. as the clock ticks down, it appears some republicans may be softening their stance. brian mooar with the latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that taxes go up for the wealthy. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate in the democrats' hands. >> since we agree with democrats, 98% of the american people and 80% of the bush tax cuts, to me i would get that off the table so they don't worry about it. >> reporter: democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates on the highest 2% of
at the white house sunday as they try to avoid the fiscal cliff. as the clock ticks down, it appears some republicans may be softening their stance. brian mooar with the latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that taxes go...
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they mut acaroid a fiscal cliff. they are lowering the number from $6 trillion to 1.4 trillion and house speaker john boehner offered a counterproposal yesterday. >>> gas prices keep falling here in the bay area and san francisco drivers are paying $3 and it's down 2 cents from yesterday. santa rosa drivers you are paying $3.55 per gallon and prices have dropped in the past 2:00 few months. and after that big fire in richmond, there was another scare out there and coming up, the flair that occurred and why the company said, well, it is nothing to worry about. >>> time to check back in with sal in the morning commutes, sal, how is it going? >> you may need the it, we want to show you southbound in oakland, it is a little bit slower than normal and we have not had a lot of crashes, just a little fender-benders and traffic is going to be a little bit busier and we have a 20 print delay -- 20 minute delay. this morning if you are driving on the peninsular, a lot of people are trying to get to the airport, you can use 101
they mut acaroid a fiscal cliff. they are lowering the number from $6 trillion to 1.4 trillion and house speaker john boehner offered a counterproposal yesterday. >>> gas prices keep falling here in the bay area and san francisco drivers are paying $3 and it's down 2 cents from yesterday. santa rosa drivers you are paying $3.55 per gallon and prices have dropped in the past 2:00 few months. and after that big fire in richmond, there was another scare out there and coming up, the flair...
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in the fiscal cliff negotiations. political reporter jamie dupree joins us via skype from washington, d.c. you said there's two words we are not likely to hear and we haven't heard in any of this fiscal cliff debate. >> reporter: yeah, balanced budget. in all of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal government when both parties don'tage knowledge that. as for -- don't acknowledge that. as for what's going on, just downstairs from me, speaker boehner started throwing cold water on any report that the talks were moving ahead. yes, there have been an exchange of offers. he said the last couple of days, but he said his phone call last night was a frank discussion about just how far apart they are. with 19 days left until the deadline or nine days until the end of the world, if you are look at the mine cardinal, nobody knows which way -- calen
in the fiscal cliff negotiations. political reporter jamie dupree joins us via skype from washington, d.c. you said there's two words we are not likely to hear and we haven't heard in any of this fiscal cliff debate. >> reporter: yeah, balanced budget. in all of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal...
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neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calculated your rain total for the day. next, the conditions you can expect tomorrow that will impact your morning commute. >> california lawmakers buying state cars. the new report that reveals how that move actually >>> a new report shows at least a dozen california lawmakers repaired, or upgraded their state vehicles at taxpayer expense just before pieing them as their personal vehicl
neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to...
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the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the southern philippines has climbed to 350 people today. it hit hardest in the southern philippines where entire families were washed away. and the four injured people are still missing. nato has called on north korea to cancel its plans for a second rocket launch. a
the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the...
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. >> more back and forth on how to avert that fiscal cliff. we are just 22 days before the deadline. president obama says he is willing to cut some entitlements and speaker john boehner is not ruling out a tax hike for top earners. >>> and muni is contemplating changing their fare to be based on a person's income. the bay area lead transit body is conducting a study on the issue due to riders' mixed feelings. >>> and "face the nation" is coming up next on cbs 5. for us, we move over to the cw, where salmon have suddenly appeared after a 50-year absence. channel 44, cable 12, starting at 8:30 a.m. >> what are we supposed to do? we're supposed to swim upstream. we forgot about that. >> well, right now, no water to speak of in our skies. >> and probably a well-deserved break. as we have a look outside, it's going to be sunny and breezy. northwesterlies kick up, a dry direction, kind of chapped lips weather. feferlts, plenty of sunshine. temperatures are going to be in the mid-60s on average in the bay area, going to be nice. next chance of rain c
. >> more back and forth on how to avert that fiscal cliff. we are just 22 days before the deadline. president obama says he is willing to cut some entitlements and speaker john boehner is not ruling out a tax hike for top earners. >>> and muni is contemplating changing their fare to be based on a person's income. the bay area lead transit body is conducting a study on the issue due to riders' mixed feelings. >>> and "face the nation" is coming up next on cbs...
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. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle t
. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for...
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neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calculated your rain total for the day. next, the conditions you can expect tomorrow that will impact your morning commute. >> california lawmakers buying state cars. the new report that reveals how that move actually costs taxpayers thousands of dollars. >> a modern jazz giant. what we uncovered by dave ruebeck's strong ties to the bay area. >>> a new report shows at least a dozen calif
neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to...
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and first before we go there let's go to the fiscal cliff. what do you think ought to come out of an agreement between the president and john boehner? >> i make a couple comments. the first one is we've got to get this done now. not -- you know, there are people that will write or go on news shows and say we can let it lapse two weeks or something like that. that is specifically not true. we need this to get resolved now. not because jim mcinernie will say it. but because the people who work for us, their lives are in flux. and this is encredibly critical we get it done now. we need revenue. everybody knows we need rev. >> rose: so the president is right in asking for more revenue and not extending the bush tax cuts for $250,000? >> bowles simpson, there's not been one commission that says we can do this on spending cuts. i think speaker boehner is the only guy that can lead us in that. >> rose: he's got to take the republican house of representatives -- >> he's got to take the deal and i trust he can do it. >> rose: you're urging him to do i
and first before we go there let's go to the fiscal cliff. what do you think ought to come out of an agreement between the president and john boehner? >> i make a couple comments. the first one is we've got to get this done now. not -- you know, there are people that will write or go on news shows and say we can let it lapse two weeks or something like that. that is specifically not true. we need this to get resolved now. not because jim mcinernie will say it. but because the people who...
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with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks, a face-to-face meeting at the white house. today no cameras as the president sat down with john baner. no details are being offered which some will see as good news. the co creator of a debt reducing plan does see progress. >> anytime you have two guys in there and you have a chance to get it done. >> some republicans were admitting that the president will get a you lot of what he wants. joy let's face it. -- >> let's face it. he has the upper happened on taxes. the upper hand on taxes. >> why the compromising words? the white house moderated demands. the president says tax rates for the wealthy have to rise, but now word that the actual rate could be negotiatable! >> will i accept the tax increase as a part of a deal to actually solve our problems? yes. >> the problems according to republicans entitlement. and a leading democrat embraced a way to cut medicare costs. it is called means testing meaning those who make more would have to pay more for medicare. >> tho
with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks, a face-to-face meeting at the white house. today no cameras as the president sat down with john baner. no details are being offered which some will see as good news. the co creator of a debt reducing plan does see progress. >> anytime you have two guys in there and you have a chance to get it done. >> some republicans were admitting that the president...
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. >>> we are now hearing there may be only two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming up at 5:15 what economists say the numbers released this morning don't accurately reflect the current jobs market. >>> time now 5:05. reports an oakland church youth group visiting florida today is out of money and their belongings because thieves broke into their van. a group of 24 teenagers and young adults were eating at a restaurant yesterday. about an hour after arriving for a weekend youth conference. they are saying thieves broke into their van, stole $12,000 cash. one member of the group was able to have money wired to them so they at least spent last night in a hotel. there is no word y
. >>> we are now hearing there may be only two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming...
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president obama meets today with business leaders focusing on ab boarding the fiscal cliff. on capitol hill democrats and republicans are not meeting and a deal does not seem to be close. in a just-released gallup poll, 62% of americans want to see a compromise. 25% want republican and democratic leaders to hold firm on spending cuts and tax increases. major garrett is at the white house this morning. >> reporter: there is a common thread running through all of this. the public wants a deal. so do the governors, mayors, civic leaders, business executives and everyone else who has come through capitol hill and the white house to talk about the fiscal cliff. for the first time since this drama began to play out on a very public stage, yesterday there were no substantive negotiations or conversations whatsoever, none at all. and here is what the public thinks about all this. if, in fact, the nation does go off the fiscal cliff and negative consequences ensue, by a two to one ratio, by the most recent poll, it will blame republican, not the white house. the white house knows thi
president obama meets today with business leaders focusing on ab boarding the fiscal cliff. on capitol hill democrats and republicans are not meeting and a deal does not seem to be close. in a just-released gallup poll, 62% of americans want to see a compromise. 25% want republican and democratic leaders to hold firm on spending cuts and tax increases. major garrett is at the white house this morning. >> reporter: there is a common thread running through all of this. the public wants a...
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during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with the decree last month that gave him more power. secretary of state hilary clinton said today the unrest shows an urgent need for dialogue on both sides. >>> the u.s. state department confirmed today it is looking into reports that syrian president may be seeking asylum in another country. reportedly president is look to latin america for asylum for his family and members of his inner circle. the priority right now is ending the 21-month-long violen
during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke...
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we've heard from house speaker john boehner talking about the fiscal cliff saying there's been no progress made. he's asking the president to produce a new offer and describe their conversations as pleasant but just more of the same. markets don't seem to be reacting too dramatically to the statements this morning. >>> well, t-mobile could start carrying the iphone, the company announced it will start selling apple products next year. it did not mention the specific products by name. it could mean that iphones and maybe ipads will be coming to stores. right now, t-mobile is the only carrier among the national companies that does sell the iphone. >>> 8:44. let's bring you up to date on some top stories -- japan just had another after shock. it was a 5 pie 0. it hit northeast japan less than a half-hour ago. now, around midnight, there was a 7.3 quake in japan. since then there have been several aftershocks. that earlier quake triggered a three-foot tsunami. >>> just hours before secretary of state hillary clinton arrived in ire rand, police seized a bomb and they -- ireland, police seized a
we've heard from house speaker john boehner talking about the fiscal cliff saying there's been no progress made. he's asking the president to produce a new offer and describe their conversations as pleasant but just more of the same. markets don't seem to be reacting too dramatically to the statements this morning. >>> well, t-mobile could start carrying the iphone, the company announced it will start selling apple products next year. it did not mention the specific products by name....
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. >>> we are now hearing that there may only be two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks and those say clearing the negotiating room clears the chances for success. f we have new unemployment numbers released just a few minutes ago. employers added 146,000 new jobs in november. the unemployment rate dropped to a four-year low of 7 .7%. coming up at 6:15 the factors that economists predicted would have a negative impact on the numbers but apparently did not. >>> time now 6:07. we are following this story. oakland church youth group traveling in florida they are out of money and their belongings because thieves broke into their van. a group of 24 teenagers and young adults were eating at a restaurant yesterday about an hour after arriving far weekend youth conference. someone broke into their van stole 12,000 cash. one member of the group says they were able
. >>> we are now hearing that there may only be two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks and those say clearing the negotiating room clears the chances for success. f we have new unemployment numbers released just a few minutes ago. employers added 146,000 new...
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cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two secret santas went on a shoppping spree in the east bay. walmart shoppers are still talking about the couple who handed out gifts and cash to total strangers. they paid shoppers' store bills at the register inside a livermore walmart on friday. they bought a toy sewing machine for a little girl when they heard she wanted one. >> they're nice people and giving other people stuff they can't afford. >> the walmart manager says the couple told workers they didn't want any recognition and they didn't want to be named. very generous. >>> well, if you can't dress u
cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two...
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>> they've got to get past the immediate crisis in terms of the fiscal cliff. no matter what is true, no matter what he says, john boehner is going to have to sound like he's resistant and putting up a fight but at the end of the day he's going to have to make a deal that is going to go by those term. and then we're going to go on to the debt ceiling and if the republican party in the house crashes this economy and crashes the markets by refusing to extend the debt ceiling, the business community is going to go nuts. and, b, this will become the party of recession, tax rates for the top, hating social security, and hating medicare. that's a recipe for long-term political irrelevance. >> now, alicia, let me give you a news flash that came in. conservative blogger erick erickson is up with a petition to have john boehner fired. it says, quote, speaker boehner is undercutting conservative principles by putting forth a liberal compromise of raising taxes or closing loopholes on our nation's job creators. coupled with only $600 billion in spending cuts. this will ha
>> they've got to get past the immediate crisis in terms of the fiscal cliff. no matter what is true, no matter what he says, john boehner is going to have to sound like he's resistant and putting up a fight but at the end of the day he's going to have to make a deal that is going to go by those term. and then we're going to go on to the debt ceiling and if the republican party in the house crashes this economy and crashes the markets by refusing to extend the debt ceiling, the business...
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with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks, a face-to-face meeting at the white house. today no cameras as the president sat down with john baner. no details are being offered which some will see as good news. the co creator of a debt reducing plan does see progress. >> anytime you have two guys in there and you have a chance to get it done. >> some republicans were admitting that the president will get a you lot of what he wants. joy let's face it. -- >> let's face it. he has the upper happened on taxes. the upper hand on taxes. >> why the compromising words? the white house moderated demands. the president says tax rates for the wealthy have to rise, but now word that the actual rate could be negotiatable! >> will i accept the tax increase as a part of a deal to actually solve our problems? yes. >> the problems according to republicans entitlement. and a leading democrat embraced a way to cut medicare costs. it is called means testing meaning those who make more would have to pay more for medicare. >> tho
with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks, a face-to-face meeting at the white house. today no cameras as the president sat down with john baner. no details are being offered which some will see as good news. the co creator of a debt reducing plan does see progress. >> anytime you have two guys in there and you have a chance to get it done. >> some republicans were admitting that the president...
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. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in at the end of this month. if there's no deal on those, the pentagon was initially told not to plan for the cuts. that's all changed. in the last 24 hours, the pentagon leaders say they are preparing to slice about 10% of the budget. if we go over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets resol
. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in...
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break from the fiscal cliff negotiations. to help light of the capitol christmas tree. the tree is an evil man spruce and comes from colorado's white river national forest. it has been outfitted with a 10,000 lights and ornaments. it will be hit each night until the day after christmas. >> we will take a quick break. coming up essex o'clock. a quadruple shooting in oakland last my injures for people which will have live reports coming up. we're also watching the flood levels are around the bay area this morning as to rain is back and we will have a live picture from core take more dear rock creek. plus crews and lafayette are concerned that iran could make the huge seco even worse.
break from the fiscal cliff negotiations. to help light of the capitol christmas tree. the tree is an evil man spruce and comes from colorado's white river national forest. it has been outfitted with a 10,000 lights and ornaments. it will be hit each night until the day after christmas. >> we will take a quick break. coming up essex o'clock. a quadruple shooting in oakland last my injures for people which will have live reports coming up. we're also watching the flood levels are around...
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the fiscal cliff. >>> take a look at european trade this morning. ftse mib is leading the way down, down 3.37% at the moment. so continuing to slowly build on those losses. we have seen a couple of italian banks halted after being downgraded 5%. somewhat smaller losses across the rest of the bourses. the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result. italian shares are trading lower. banks stocks particularly hard hit on the back of political uncertainty generated by mario monte's position to resign from his post as prime minister. his departure is likely to lead to an early election in february. monte's predecessor has announced his attention intengz to return to office. sylvia berlusconi says he'll seek a fifth term as italian premier. carolin is following this situation from rome. how likely is it that we see berlusconi return to politics next year? >> kelly, you know wh
the fiscal cliff. >>> take a look at european trade this morning. ftse mib is leading the way down, down 3.37% at the moment. so continuing to slowly build on those losses. we have seen a couple of italian banks halted after being downgraded 5%. somewhat smaller losses across the rest of the bourses. the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result....
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boehners office on the upcoming fiscal cliff. just three weeks away and neither side seems to be willing to bend. the president is insisting that the expiring tax cuts be renewed for all but the wealthiest americans. the republicans' insistence of a deeper cuts to entitlement programs like medicare. although neither side has given very much specifics. >> coming up on kron 4 nils. we have people behaving badly next. but first a live look outside at the san mateo bridge. line who is stanley roberts who found some people behaving badly. >> i strongly believe that people only think about pedestrian safety when they are the pedestrian. >> she was the only one who stopped when this woman was trying to cross the street. >> to have pedestrian safety you first have to have safe drivers. this driver is actually going the wrong direction on a one-way street. while going the wrong way he has to yield to three pedestrians there are across the street. he then proceeds to make a u- turn and he is on along side of the street. he backs up to go b
boehners office on the upcoming fiscal cliff. just three weeks away and neither side seems to be willing to bend. the president is insisting that the expiring tax cuts be renewed for all but the wealthiest americans. the republicans' insistence of a deeper cuts to entitlement programs like medicare. although neither side has given very much specifics. >> coming up on kron 4 nils. we have people behaving badly next. but first a live look outside at the san mateo bridge. line who is stanley...
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. >>> a positive sign in the "fiscal cliff" negotiations. president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marri
. >>> a positive sign in the "fiscal cliff" negotiations. president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor...
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moves closer the falling off the fiscal cliff. you deserve from gop house speaker john baker and the democratic minority minority leader nancy pelosi. right now lawmakers have less than three weeks to reach a budget deal. if they don't most experts agree, the results could be disastrous for the american economy. the possibility of severe spending cuts there with a big jump in taxes for everyone. joining us to write down all this is michael yaqui. democrats won increase taxes on high- income earners and republicans want spending cuts >> it is basically the election and that is why everyone saying that the president had a mandate to make this change. he made very clear in this campaign that is what he wants to do. the american people and all the polls right now so that they support the president's plan. >> president obama has been very firm on tax cuts for the reds routedwhich. he did wie election you think he has an edge in these discussions? >> right now this is between the grand bargain which is putting everything on the table, s
moves closer the falling off the fiscal cliff. you deserve from gop house speaker john baker and the democratic minority minority leader nancy pelosi. right now lawmakers have less than three weeks to reach a budget deal. if they don't most experts agree, the results could be disastrous for the american economy. the possibility of severe spending cuts there with a big jump in taxes for everyone. joining us to write down all this is michael yaqui. democrats won increase taxes on high- income...
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the ongoing negotiations over the fiscal cliff. if that issue is not resolved in time, we will have uncertainty in the new year. at this point, the negotiations are now down to president obama and john boehner. >> we mentioned superstore senate. why should that storm play a big role in the jobs report? >> we hear about new york and new jersey being impacted. 24 states were impacted. retailers closed and other businesses closed. if there was no super storm sandy, the economy could have added 200,000 jobs. instead we are looking at at about 100,000 jobs. >> 5:07. 33 degrees at the airport. and get some ceremonies to remember the anniversary of the attack on pearl harbor. >> attempting to hand over classified information. what he tried to leak. >> this is exit 17 at padonia road. volume is still light. weather and traffic when we come weather and traffic when we come back ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your pe
the ongoing negotiations over the fiscal cliff. if that issue is not resolved in time, we will have uncertainty in the new year. at this point, the negotiations are now down to president obama and john boehner. >> we mentioned superstore senate. why should that storm play a big role in the jobs report? >> we hear about new york and new jersey being impacted. 24 states were impacted. retailers closed and other businesses closed. if there was no super storm sandy, the economy could...
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. >> just three weeks until fiscal cliff, and president obama and house speaker john boehner had a private meeting at the white house yesterday to discuss the deal. the president and speaker refuse to speak about itself of the meeting. some republican about putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy and taken it entitled cuts in return. many house republicans refused to support tax hikes under any circumstances. the democrats have been skeptical about rushing through in time or four before the end of the year. >> same-sex couples can now officially tied the knot in washington state. >> yesterday mark the first day that those couples are able to legally marry. there are more than 140 people that registered to marry at seattle city hall. seattle mayor mike mcginn called in a great and joy is a day with a noose rights be recognized. >> we will be right back--a new civil rights being recognized you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our emplo
. >> just three weeks until fiscal cliff, and president obama and house speaker john boehner had a private meeting at the white house yesterday to discuss the deal. the president and speaker refuse to speak about itself of the meeting. some republican about putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy and taken it entitled cuts in return. many house republicans refused to support tax hikes under any circumstances. the democrats have been...
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. >>> lawmakers on capitol hill have less than four weeks to avoid the dreaded "fiscal cliff." if democrats and republicans don't reach a budget agreement by year's end, across-the-board tax hikes and budget cuts will automatically kick in. house speaker john boehner offered a republican proposal this week. but the president and democrats dismissed it because it includes no tax increase for the wealthiest americans. >> 60% of americans support asking millionaires to pay slightly more. >> there's only one person out of 307 million americans who can sign something into law, the president. >> boehner will meet with small business owners and the president speaks at a conference of corporate ceos. >>> citigroup is cutting 11,000 jobs. the bank says it's looking to cut expenses and improve efficiency resulting in $1 billion in charges. it's part of the restructuring. the company also said it plans to close branches. >> wow. >>> it is 6:21 now. we have a new multi-million dollar man. which giant signed a three-year deal with the team? >> plus, skills on and off the field. which 49er o
. >>> lawmakers on capitol hill have less than four weeks to avoid the dreaded "fiscal cliff." if democrats and republicans don't reach a budget agreement by year's end, across-the-board tax hikes and budget cuts will automatically kick in. house speaker john boehner offered a republican proposal this week. but the president and democrats dismissed it because it includes no tax increase for the wealthiest americans. >> 60% of americans support asking millionaires to pay...
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talking again with 20 days to go until the fiscal cliff. major garrett is at the white house watching all the negotiations. major, good morning. >> reporter: well, good morning, norah, charlie, and gayle. lots of activity and where there's activity there's hope but not a lot of progress. speaker boehner and president obama talked by tell phone. i'm told the phone call did not go particularly well and they remain divided. they're going to allow business to go on until december 28th. the president remains confident a deal will get done. on monday the president gave republican as new offer, trimming his request for ten years of income tax revenue from $1.6 trillion to $1.4 trillion. he told republicans yesterday he's willing to put tax reform into the mix of negotiations. the republicans said the president is still asking for way too much in tax revenue and they always thought corporate tax reform would be part of the larger way. it's hard to come to a deal when one side officers concessions and the other side says the concessions are merely d
talking again with 20 days to go until the fiscal cliff. major garrett is at the white house watching all the negotiations. major, good morning. >> reporter: well, good morning, norah, charlie, and gayle. lots of activity and where there's activity there's hope but not a lot of progress. speaker boehner and president obama talked by tell phone. i'm told the phone call did not go particularly well and they remain divided. they're going to allow business to go on until december 28th. the...
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fiscal cliff negotiations are now in the hands of just two people, president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence plummeted. a lot of people attributing that to the gridlock in washington. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. federal agencies now working on reports for the white house, of the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. >> reporter: not really. even though the two sides are talking, they aren't making much progress. remember that phone call between
fiscal cliff negotiations are now in the hands of just two people, president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence plummeted. a lot of people attributing that to the gridlock in washington. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys...
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Dec 11, 2012
12/12
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KPIX
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. >>> silence on both sides of the "fiscal cliff" negotiations could actually be a good sign that the negotiations are progressing. the house speaker john boehner, the president are the only parties negotiating right now. and no details have been released. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlements is necessary to curb the it uncountry's deficit. >>> northbound police are trying to figure out the motor -- new york police are trying to figure out the motive of a 2 p.m. afternoon murder yesterday. a 31-year-old man from los angeles was shot in the back of the head near central park. police say the gunman jumped into a waiting car and took off. >>> smoking marriage is now officially legal in colorado. -- smoking marijuana is officially legal in colorado. the governor declared the voter- approved amendment is now part of the state constitution. it allows anyone over 21 to possess up to an ounce of marijuana for recreational use or six plants. colorado still does not all
. >>> silence on both sides of the "fiscal cliff" negotiations could actually be a good sign that the negotiations are progressing. the house speaker john boehner, the president are the only parties negotiating right now. and no details have been released. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlements is necessary to curb the it uncountry's deficit....
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Dec 8, 2012
12/12
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KRON
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cliff. tax increases and spending cuts are set to trigger after january first unless the white house and congressional republicans strike a compromise. house speaker john boehner said friday the president's current approach could hamper future job growth. >> because the risk the president wants us to take, increasing tax rates, will hit many small businesses that produce 60 - 70 percent of the new jobs in our country >> democrats argue that without tax increases on the the revenue necessary to combine with the savings and with the spending cuts to reduce the deficit, to create jobs, to grow the economy, to improve the lives of the american people. >> about twelve million americans remain out of work. economists forecast dire consequences without a washington, i'm karin caifa. >>catherine: this is the 71st anniversary of the date that will live in infamy. december 7th 19-41 was when the japanese attacked pearl harbor. this was a moment of silence as 2-thousand people gathered in hawaii to hon
cliff. tax increases and spending cuts are set to trigger after january first unless the white house and congressional republicans strike a compromise. house speaker john boehner said friday the president's current approach could hamper future job growth. >> because the risk the president wants us to take, increasing tax rates, will hit many small businesses that produce 60 - 70 percent of the new jobs in our country >> democrats argue that without tax increases on the the revenue...